MAUI — After the NCUA came out with its board of directors regulation last year, the question arose as to where volunteers’ risk exposure had increased greatly.
Legal fireworks continue to explode in the Los Angeles courtroom of Judge George H. Wu as the onetime top officers of WesCorp and the NCUA wrangle over the extent to which the regulator’s monitoring of the actions of WesCorp officials can be used as an excuse that saves them from...
Western Bridge members are being invited to a series of town hall meetings that Catalyst Corporate Federal Credit Union is planning in January and February.
Texas-based corporate says its aim is to ease transition to new corporate after winning right to buy remnants of WesCorp.
Preliminary ruling says statute of limitations expired.
I have read with great interest recent articles on corporate credit union mergers and NCUA’s seemingly reversal of its “too big to fail” stance.
Saying that it failed to disclose the risks to two now-defunct corporate credit unions, the NCUA is suing the company formerly known as Wachovia Securities.
Agency goes after firm now known as Wells Fargo Securities for mortgage-backed securities sales to U.S. Central, WesCorp.
What a difference 10 months makes. That’s a prevailing thought in corporate credit union circles as executives digest the reports, unconfirmed by the NCUA, that two of the leading bidders for the failed Western Bridge corporate are Alloya (formerly Members United) and Catalyst (formerly Southwest Bridge plus Georgia Corporate). This...
In Monday filings on behalf of the NCUA in the litigation the regulator has brought against a group of onetime top WesCorp executives, the agency’s lawyers sought dismissal of a range of claims made by the defendants.